Sentences with phrase «state pension scheme»

Under the government's calculations, this should allow about 10,000 people to use whatever money remains in their contracted - out pension fund to be reinstated in the second state pension scheme.

Most UK pension schemes can be the subject of a pension sharing order, except the basic state pension scheme, whether they are already in payment or still accruing.

Those under 40 will pay far more into the state pension scheme over their lifetimes than did their elders, according to data from Japan's Ministry of Health, Labour and Welfare.

State Pensions A scheme is to be introduced to allow current pensioners, and those who reach State Pension age before the introduction of the new single tier pension in April 2016, an option to top up their Additional State Pension record through a new class of voluntary National Insurance contributions, to be known as Class 3A.

Changes to defined benefit pension schemes set to come into effect in 2016 could see retirement incomes fall, as the state pension scheme is revamped.

Individuals that have worked in the UK and have paid certain levels of national insurance deductions can expect an income from the state pension scheme after their normal retirement.